Rhumbline Advisers Purchases 6,484 Shares of LG Display Co., Ltd. (NYSE:LPL)

Rhumbline Advisers raised its position in shares of LG Display Co., Ltd. (NYSE:LPL) by 1.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 355,197 shares of the electronics maker’s stock after purchasing an additional 6,484 shares during the period. Rhumbline Advisers’ holdings in LG Display were worth $1,090,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of LG Display by 27.8% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,301,206 shares of the electronics maker’s stock valued at $5,270,000 after buying an additional 283,441 shares during the period. Public Employees Retirement System of Ohio bought a new position in LG Display during the 3rd quarter worth about $797,000. Blue Trust Inc. increased its position in LG Display by 61.6% during the 4th quarter. Blue Trust Inc. now owns 296,355 shares of the electronics maker’s stock valued at $910,000 after purchasing an additional 112,964 shares during the period. Wealthstream Advisors Inc. bought a new stake in shares of LG Display in the 3rd quarter valued at about $64,000. Finally, Savant Capital LLC purchased a new stake in shares of LG Display in the 4th quarter worth approximately $38,000.

LG Display Stock Up 0.5 %

LG Display stock opened at $3.28 on Thursday. The business has a fifty day moving average of $3.25 and a two-hundred day moving average of $3.54. The company has a quick ratio of 0.43, a current ratio of 0.64 and a debt-to-equity ratio of 1.00. The firm has a market cap of $3.28 billion, a P/E ratio of -1.36 and a beta of 1.33. LG Display Co., Ltd. has a twelve month low of $3.05 and a twelve month high of $4.86.

LG Display (NYSE:LPL) last posted its earnings results on Wednesday, January 22nd. The electronics maker reported ($0.60) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.67). LG Display had a negative return on equity of 29.08% and a negative net margin of 9.42%. On average, analysts forecast that LG Display Co., Ltd. will post 0.59 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of LG Display from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th.

About LG Display

LG Display Co, Ltd., together with its subsidiaries, engages in the manufacture and sale of thin-film transistor liquid crystal display (TFT-LCD) and organic light emitting diode (OLED) technology-based display panels. Its TFT-LCD and OLED technology-based display panels are primarily used in televisions, notebook computers, desktop monitors, tablet computers, mobile devices, and automotive displays.